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HomeMy WebLinkAbout11348RESOLUTION NO. 11348 A RESOLUTION AUTHORIZING THE TRANSFER OF $150,000.00 FROM THE 1992 -2011 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR THE REPAIR OF THE BUILDING LOCATED ON LOT 67, PUEBLO MEMORIAL AIRPORT SUBDIVISION FOR THE PURPOSE OF MAKING SUCH BUILDING AVAILABLE FOR A JOB CREATING CAPITAL IMPROVEMENT PROJECT WHEREAS, the building located on Lot 67, Pueblo Memorial Airport Industrial Park ( "Building ") is owned by the City of Pueblo, and; WHEREAS, the Building was constructed in the early to mid- 1980's and since that time has undergone substantial differential settlement, and; WHEREAS, it is prudent to repair the Building to restore its structural integrity and functionality, thereby allowing the Building to be available for a job creating capital improvement project, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1 _ An Engineer's estimate in the approximate amount of $125,000 has been prepared for the cost of the repair work to the Building ( "Project "). A 20% contingency amount is recommended for the Project due to the uncertainty of the extent of the damages, for a total Project amount of $150,000.00. SECTION 2. $150,000 is hereby transferred from the 1992 -2011 Sales and Use Tax Capital Improvement Fund to the Capital Improvement Fund for the Project. SECTION 3. The Public Works Department will be soliciting competitive bids from local contractors to perform the repair work. A resolution to award a construction contract will then be presented to the Council for approval. SECTION 4. This Resolution shall become effective upon final passage and approval. BY Randy Thurston Councilperson AP PROVE LA HL- ATTEST ED BY: Cff. � y PPI`81f I T' i I INTRODUCED July 28. 2008 Res, 11347 D �1 D 0 �I p III Background Paper for Proposed RESOLUTION AGENDA ITEM # DATE: JULY 28,2008 DEPARTMENT: PUBLIC WORKS DIRECTOR— DANIEL E. CENTA, P.E. TITLE A RESOLUTION AUTHORIZING THE TRANSFER OF $150,000 FROM THE 1992- 2011 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR THE REPAIR OF THE BUILDING LOCATED ON LOT 67, PUEBLO MEMORIAL AIRPORT SUBDIVISION FOR THE PURPOSE OF MAKING SUCH BUILDING AVAILABLE FOR A JOB CREATING CAPITAL IMPROVEMENT PROJECT ISSUE Should City Council authorize the transfer of $150,000.00 from the'/ cent sales tax fund into the Capital Improvement Fund for the purpose of establishing a project to repair the building located on Lot 67, Pueblo Memorial Airport Industrial Park for the purpose of making the building available for a job creating capital improvement project. RECOMMENDATION Approval of this Resolution BACKGROUND The transfer of the funds will allow for the creation of a project that will provide for the repairs and associated work to restore the structural integrity of the building and to rehabilitate the interior finish in the area of settlement. FINANCIAL IMPACT Funds for said project will come from the 1992 — 2011 Sales and Use Tax Capital Improvement Projects Fund. Any unused monies will be returned to said fund.